Western Midstream Partners, LP (WES) — Financial statements
Income statement, balance sheet, and cash flow for Western Midstream Partners, LP — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,843↑6.6% | 3,605↑16.1% | 3,106↓4.5% | 3,252↑13.0% | 2,877 | |
| Cost of Revenue | 1,212↑47.3% | 823↑7.5% | 765↓23.7% | 1,003↑14.8% | 874 | |
| Gross Profit | 2,631↓5.4% | 2,783↑18.9% | 2,341↑4.1% | 2,248↑12.2% | 2,003 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 399↑46.9% | 272↑16.7% | 233↑19.9% | 194↓0.8% | 196 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 399↑46.9% | 272↑16.7% | 233↑19.9% | 194↓0.8% | 196 | |
| Other Expenses | 647↑19.7% | 540↓25.9% | 729↑56.3% | 467↓1.0% | 471 | |
| Operating Expenses | 1,046↑28.8% | 812↓15.6% | 962↑45.6% | 661↓1.0% | 667 | |
| Total Costs & Expenses | 2,258↑38.1% | 1,634↓5.4% | 1,727↑3.8% | 1,664↑8.0% | 1,541 | |
| Operating Results | ||||||
| Operating Income | 1,586↓19.5% | 1,971↑42.9% | 1,380↓13.1% | 1,588↑18.8% | 1,336 | |
| Depreciation & Amortization | 711↑9.3% | 650↑8.3% | 601↑3.1% | 582↑5.6% | 552 | |
| EBITDA | 2,303↓12.9% | 2,645↑33.0% | 1,989↓7.9% | 2,160↑16.8% | 1,850 | |
| EBIT | 1,592↓20.2% | 1,995↑43.7% | 1,388↓12.0% | 1,577↑21.5% | 1,298 | |
| Interest & Other Income | ||||||
| Net Interest Income | -390↓6.9% | -365↓8.7% | -336↓4.4% | -322↑11.6% | -364 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 390↑6.9% | 365↑8.7% | 336↑4.4% | 322↓11.6% | 364 | |
| Non-Operating Income | -7↑72.0% | -24↓175.2% | -9↓182.4% | 11↓72.5% | 38 | |
| Other Income / Expenses | -358↓4.9% | -341↓4.3% | -327↑1.5% | -332↑17.4% | -402 | |
| Income Before Tax | 1,228↓24.7% | 1,629↑54.8% | 1,052↓16.2% | 1,256↑34.4% | 934 | |
| Income Tax Expense | 15↓16.7% | 18↑313.0% | 4↑4.7% | 4↑142.7% | -10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,212↓24.8% | 1,611↑53.7% | 1,048↓16.3% | 1,251↑32.6% | 944 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,170↓25.7% | 1,574↑53.9% | 1,022↓16.0% | 1,217↑32.8% | 916 | |
| Bottom-Line Net Income | 1,154↓24.9% | 1,537↑53.9% | 999↓16.1% | 1,190↑32.7% | 896 | |
| EPS (Basic) | 3.01↓25.5% | 4.04↑54.8% | 2.61↓13.3% | 3.01↑38.1% | 2.18 | |
| EPS (Diluted) | 3.00↓25.4% | 4.02↑54.6% | 2.60↓13.3% | 3.00↑37.6% | 2.18 | |
| Weighted Average Shares | 400↑5.3% | 380↓0.7% | 383↓3.0% | 395↓4.0% | 411 | |
| Weighted Average Diluted Shares | 402↑5.2% | 382↓0.5% | 384↓3.0% | 396↓3.8% | 412 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.